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Post by wolfmannick on Jul 22, 2014 21:00:07 GMT -6
^ Alright what's the bet
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Post by mikecubs on Jul 23, 2014 12:17:10 GMT -6
I dunno. Something like a goofy name change for a while or if the Panthers leave I have to start a thread and type a thousand times Wolfmannick was right the Panthers suck/moved. If they stay you'd have to type something like mikecubs was right, I will STOP predicting teams that are the only tenant at their current facility will leave. Can you think of anything better?
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Post by jets07 on Aug 12, 2014 20:39:54 GMT -6
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Post by Bruinsfan on Aug 12, 2014 21:07:07 GMT -6
Hearing the word unsustainable makes me think Bankruptcy is the next option for viola. Bankruptcy allows the team to separate from the lease, The nhl could just allow quebecor to buy the team out of bankruptcy if they did it under their permission unlike blackberry man who did it without their permission.
Florida has to come to a head. there is no way in its current form it can stay
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Post by mikecubs on Aug 13, 2014 0:30:16 GMT -6
Next option is that the fools that run the county this fall will pull a Glendale and cave in:)
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Post by Bruinsfan on Aug 13, 2014 6:38:37 GMT -6
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Post by Bruinsfan on Aug 14, 2014 13:46:43 GMT -6
www.si.com/nhl/2014/08/12/new-york-islanders-sale-lawsuit-florida-panthers-leaseMeanwhile, it hasn't taken the new owners in Florida long to start “quietly” greasing the skids for an exit from the financial sinkhole that is Broward County. Doug Cifu, who bought the troubled club with Vinnie Viola last year, told FoxSports Florida on Saturday that the team's ”current business model is unsustainable.” This conclusion probably didn't catch anyone who follows the team by surprise, least of all Cifu who, as a successful hedge fund guy, most likely did his due diligence on the club before he put his money into the pot. Then again, blind faith may be the only way to explain why someone would invest in that market, so who really knows? That's not a knock on the team itself. The on-ice product is promising, with what looks to be the best collection of talent the franchise has iced in at least a decade. The Panthers might not be a playoff club, but with Roberto Luongo between the pipes and an influx of veteran free agents to support young stars Jonathan Huberdeau and Sasha Barkov up front, they should be in the mix in the wide-open Eastern Conference. And if it doesn't happen for them this year, there's an abundance of potential in their pipeline, led by 2014 top pick Aaron Ekblad, young Boston College defenders Mike Matheson and Ian McCoshen, and dynamic forward Rocco Grimaldi. But when you hear how Cifu and Viola hope to nurse their business back to health, you wonder if those kids will ever get the chance to take their talents to South Beach (or at least the general vicinity). The team already collects a check from the county equal to 16 percent of the hotel tax it levies on tourists, but with a massive $250 million arena debt to service and losses mounting to the tune of $100,000 per day, ownership is looking to double that amount. There's no harm in asking, of course, especially since local governments, such as the one in Phoenix, have a history of throwing good money after bad to avoid the ugly visual of 40-plus dark nights at the local white elephant. But the request isn't sitting well with officials in Broward County who rightly recognize that there are other draws in the region—mostly those involving sand and saltwater—that fill the majority of those hotel rooms and deserve most of the proceeds of the levies. They may decide to pony up in the end, but there's a good chance they won't. The county hired a consultant last month to examine the financial impact of releasing the franchise from the lease that binds it to the BB&T Center through 2028. The results of that study are due in October, setting the Panthers up for a possible lame duck season in 2014-15. There's no telling if that's exactly where Cifu and Viola were steering this ship all along, but it's a good bet they'll sail away winners no matter how it plays out. Either the county antes up and they move forward on more secure footing or they'll be given their chance to explore greener pastures elsewhere. Maybe the Panthers weren't such a bad buy after
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Post by Bruinsfan on Aug 14, 2014 13:48:23 GMT -6
Now Im getting more savy to the idea the panthers leave. the panthers arent just asking for straight cash...THEY are ASKING FOR TOURIST AND HOTEL MONEy. WHAT!! no way broward county gives ANY of that up. That money funds that county, the panthers dont deserve it and that money is there with or without the panthers. The Feasibility study comes back in october...the study is researching how the arena would do without the panthers...the Arena is Profitable the panthers lose 100k a day.
Possible lame duck as stated in SI
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Post by Bruinsfan on Aug 14, 2014 14:33:18 GMT -6
My wonder is if they plunge the team into bankruptcy or threaten to do so, then the nhl works out a relocation deal with the county, Relocation fee from quebec city goes to the county as a lease buyout , viola ges a cut and the nhl gets out of where it doesnt want to be
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Post by mikecubs on Aug 14, 2014 15:16:43 GMT -6
Save the arena syndrome will win out. It always does. Owners may not want to be there but NHL most certainly does. Bettman would NEVER give up on a market that big.
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Post by Bruinsfan on Aug 14, 2014 16:14:24 GMT -6
Save the arena syndrome will win out. It always does. Owners may not want to be there but NHL most certainly does. Bettman would NEVER give up on a market that big. he gave up on atlanta. They could have purchased that team.
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Post by Bruinsfan on Aug 14, 2014 16:16:52 GMT -6
I dont trust save the arena syndrome here. This county will not let the team touch that money. The fact that they are looking at a feasibilty study without the team present (which Glendale pretty much refused to consider).
Nhl let Atlanta go, the team isnt in Miami and its tv ratings are abysmal. Plus florida is an easy solution to the quebec situation.
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Post by mikecubs on Aug 14, 2014 16:38:15 GMT -6
I do. I think the "study" will be rigged to give the team the money or a good chunk of it.
Atlanta couldn't be saved. Owners kicked them out. Save the area syndrome couldn't work because of the Hawks. Panthers aren't in Miami but the are in Miami metro. It's another big TV market NHL would be leaving blank. Remember Bettman's whole goal is to make the NHL "like the other sports". You don't do that by losing Miami. Yes TV ratings are horrific but that's not the point. Point is IF NHL catches on you get a big market, help get the big national tv deal etc....
There is no guarantee if the county refuses the money the team moves. I think this could be a hoax. For a long time we were lead to believe the overall operation makes money, then a new owner comes in and says its wrong. Very fishy.
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Post by Bruinsfan on Aug 14, 2014 17:02:04 GMT -6
the question is does broward county consider giving away their bread and butter to a losing franchise, or does the study end up being truthful.....I know the belief that all county boards are idiots is generally a strong rule. But this group may be different. If they realize half of the operation makes money the other half loses...cut the cancer out and just make money
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Post by mikecubs on Aug 14, 2014 20:54:28 GMT -6
Ya, but many people have the "the arena will go to waste without the main tenant theory". Still even if these guys are smart enough to say no it's far from certain the team moves. Bettman absolutely will try to find another local owner. He's just not going to say hey it's ok, sell to Quebec. No big deal, we just lost another huge market. In the past the Panthers always found owners and that was with a CBA with less revenue sharing and a CBA where the players made 57% of revenues instead of the current 50%. I think this entire thing is a scam and if the county actually does say no they still stay.
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